1. The pandemic caused its gross bookings and net revenue to plunge. Uber cut 6,700 jobs — around a quarter of its staff — in March alone.
2. One notable bright spot was its UberEats business, which has seen explosive growth in comparison.
3. In the first 3 quarters of 2020, the company posted a net loss of $5.8B, though the company predicts it can achieve profitability in 2021.
4. You can learn about how UberEats, a sister brand of the same came in like a saviour for the income side of the company and helped in some way for the stock prices during pandemics.
5. However, the battle of a global company like Uber has a lot of key insights in terms of strategy, planning, and risk management.
Read this article to learn about the same: https://www.cbinsights.com/
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